Application Steps - Graduate Tax

Graduate Tax Students

If you are accepted into the Graduate Tax program and are enrolled at least half-time and meet other eligibility criteria, then you can be reviewed for financial aid.  Four credits are usually required to be considered half-time and six or more credits are considered full-time status.

Your financial aid package will be based on the number of credits taken and how many semesters you will be enrolled.  If you drop or add classes after your eligibility has been determined, adjustments will be made to your loans amounts.

Step 1: Complete Financial Aid Paperwork 
Step 2: Review and Return your Award Letter
Step 3: Complete Loan Requirements 
Step 4: Disbursement Requirements 
Step 5: Monitor your Disbursements

Step 1: Complete Financial Aid Paperwork

Step 2: Review and Return your Award Letter

The Office of Financial Aid will review your processed FAFSA and your Villanova Law School Financial Aid Application (additional information or documentation may be requested as a result of the review).   Once the review process is complete, an Estimated Award Letter will be prepared.  This letter will outline the types and amount of financial aid that you may receive and it will also provide you with information for completing any additional requirements that may need to be satisfied before your loans can disburse.  You will be notified by email when your award letter is ready to view.   Award letters are accessed via Villanova Law School’s secure site known as My Nova. 

 

Step 3: Complete Loan Requirements

If you plan to borrow either the Federal Direct Stafford Loan or Federal Direct Graduate PLUS Loan, you must complete all of the following before any loans can disburse (Note:  final approval of all federal loans is determined by the Department of Education). The following requirements can all be completed online at www.studentloans.gov  (you will need your FAFSA pin to access this site):

  •  Master Promissory Notes (Only needs to be done once for each loan type for the duration of time you will be enrolled at Villanova Law School).
    Click on Sign Master Promissory Note at www.studentloans.gov  to complete a Master Promissory Note for the Federal Direct Stafford Loan.   The maximum Stafford Loan eligibility per academic year is $20,500 (refer to your Estimated Award Letter for your eligibility).  If you have remaining eligibility and need to borrow federal funds in excess of this amount and wish to borrow the Federal Direct Graduate PLUS loan, you must also complete a separate Master Promissory Note for that loan. 

  • Federal Direct Graduate PLUS Loan Application 
    Click on Complete PLUS Request Process at www.studentloans.gov to apply for the Federal Direct Graduate PLUS Loan.   This must be done each time you apply for the Graduate PLUS loan. Make sure to include the amount you wish to borrow; refer to your Estimated Award Letter for your eligibility.

  • Entrance Counseling - (Only needs to be done once for the duration of time you will be enrolled at Villanova Law School).
    Click on Entrance Counseling at www.studentloans.gov to complete the Entrance Counseling requirement.  All first time borrowers for either the Federal Direct Unsubsidized Stafford or the Federal Direct Graduate PLUS Loan at Villanova Law School must complete the Entrance Counseling requirement before any loans can disburse.

 

Step 4: Disbursement Requirements

  •  Cash Management Authorization Statement – (Only needs to be completed once for the duration of time you will be enrolled at Villanova Law School).
    All first time borrowers for federal loans must complete the Cash Management Authorization Statement before any loans can disburse.   We are required to obtain your permission to use Federal Title IV funds to pay for educationally related charges other than tuition and fees. These other charges can include, but are not limited to, items such as parking fees and health insurance fees. This authorization will remain in force for as long as you are enrolled at Villanova Law School but can be cancelled or modified at any time with written notice to the Office of Financial Aid. You can complete the Cash Management Authorization Statement electronically by signing into My Nova and accessing VIEW MY LAW SCHOOL AWARD INFORMATION and then See Cash Management Statement.

 

  • Direct Deposit 
    Any money that has been received on your behalf that exceeds charges on your account can be refunded either by paper check or by direct deposit. It is recommended that you sign up for direct deposit in order for you to receive your refund in a more timely and efficient manner. For more information and instructions on how to sign up for direct deposit, please visit the Bursar’s Office at e-Refund page.

 

Step 5: Monitor your Disbursements

After your loans have been processed, the Office of Financial Aid will notify you via email that you can view your Revised Award Letter by signing into My Nova.  If you completed all of the above steps in a timely manner, then your funds will disburse to your student account at the Bursar’s Office no earlier than 10 days before the first day of classes each semester.

 If you have funds in excess of your expenses, the Bursar’s Office will issue you a refund check or deposit the funds directly into your bank account if you set up direct deposit through My Nova.  You will be notified via email when your refund is available to you, which will be approximately 2-5 business days after your loans have been disbursed to your student account. The time frame for disbursing loan funds and receiving refunds cannot be changed; therefore, it is recommended that you be prepared for any expenses you may incur before your refund becomes available such as: moving expense, rental deposits, etc.

Office of Financial Aid

Villanova University School of Law
299 North Spring Mill Road
Villanova, PA  19085-1682

Academic Year Office Hours:
Monday-Friday, 9 a.m. to 5 p.m.

Summer Office Hours:
Monday-Thursday, 9 a.m. to 5 p.m.
Friday, 9 a.m. to Noon

Email
Phone
: 610-519-7015
Fax: 610-519-6597

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